Blockchain solutions provider Chain launched Chain Open Standard 1 (Chain OS 1), a new open source blockchain protocol. As Adam Ludwin, CEO of Chain states, “We have designed a blockchain standard from the ground-up to solve problems in a cohesive way.”

Chain OS 1 has been powering blockchain projects at several financial institutions prior to today’s public release. The protocol is an 18 month joint effort between the San Francisco-based company and nine financial services companies:

Capital One

Citigroup

Fidelity

First Data

Fiserv

Mitsubishi UFJ

Nasdaq

State Street

Visa

Chain OS is specialized for financial services companies, enabling them to securely issue, transact, and store financial assets digitally. It boasts a number of differentiating factors from other blockchains, including:

Chain.com is the leading provider of blockchain solutions to financial institutions. Chain enables enterprises, including Nasdaq, First Data, and others, to issue, store, and transfer digital assets. Chain’s solutions reduce the cost and friction of moving assets and create new growth opportunities. The company is based in San Francisco.

“The Blockchain Is Eating Financial Services:
Money is a special type of information, so it is no wonder that a new type of database would transform how it moves around the world. The blockchain is a shared database for financial instruments that is transforming how financial services companies store and move assets. Chain.com is at the leading edge of this transformation, and in this presentation, Chain’s team will share technical case studies of how they are partnering with financial institutions to apply the blockchain in different markets.”

Presenter
Adam Ludwin, CEOLinkedIn | @adamludwin | adam@chain.com
Adam Ludwin is the CEO and Co-Founder of Chain.com. Prior to Chain, Adam was a VC at RRE Ventures in New York. Adam began his career at The Boston Consulting Group and IDEO, and he holds an MBA from Harvard and a BS from UC Berkeley.

Chain.com is the leading provider of blockchain solutions to financial institutions. Chain enables enterprises, including Nasdaq, First Data, and others, to issue, store, and transfer digital assets. Chain’s solutions reduce the cost and friction of moving assets and create new growth opportunities. The company is based in San Francisco.

“The Blockchain Is Eating Financial Services:
Money is a special type of information, so it is no wonder that a new type of database would transform how it moves around the world. The blockchain is a shared database for financial instruments that is transforming how financial services companies store and move assets. Chain.com is at the leading edge of this transformation, and in this presentation, Chain’s team will share technical case studies of how they are partnering with financial institutions to apply the blockchain in different markets.”

Presenter
Adam Ludwin, CEOLinkedIn | @adamludwin | adam@chain.com
Adam Ludwin is the CEO and Co-Founder of Chain.com. Prior to Chain, Adam was a VC at RRE Ventures in New York. Adam began his career at The Boston Consulting Group and IDEO, and he holds an MBA from Harvard and a BS from UC Berkeley.